theory of stable allocations and the practice of market design, one is a harvard gentleman, the other ucla. steve liesman passed over again, you look at the politicization of the way the nobel peace prize is handed out. >> there were questions last week after that was given to the european union. >> it was like a mirror on the cover of "time," you are the person of the -- once everybody's the person of the year, does it mean anything after that? and if they give it to the eu, who gets it, is cuba getting it next year? it doesn't seem -- >> although they could use the money. >> exactly. >>> steve liesman has breaking comments from new york fed president william dudley. steve? >> thanks, becky. bill dudley president of the new york fed really coming down and explaining some of the recent fed policy moves and suggesting that they will be around for a while, saying the main reason for economic underperformance is lack of demand. the u.s. recovery he says is weak in part because of a weak global recovery, also talking about negative feedback loops, once things get bad, they stay bad and he's sa